Santos Ltd T.STO

Primary Symbol: STOSF

Energy Oil & Gas E&P

Santos Limited is focused on three regional business unit, including Cooper Basin, Queensland and New South Wales (NSW) and (PNG), now form the Eastern Australia and PNG Business Unit, Northern Australia and Timor-Leste, and Western Australia now form the Western Australia, Northern Australia and Timor-Leste Business Unit and Alaska is the third regional Business Unit. Supporting these three business units are two functional divisions: Santos Energy Solutions and Upstream Gas and Liquids. The Cooper Basin produces natural gas, gas liquids and crude oil. Gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Its GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold to the domestic market. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project.

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Santos Ltd

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Post by janddon Feb 25, 2005 10:34am

155 Views

Post# 8656008

hmmmmmmm

Lot's of paper coming out this AM at 0.21. Looks like someone is trying to keep it rangebound for a financing.. I wonder what firm might be stacking the ask - usually the one that is arranging the financing. My, my, can you belive that the major seller is Cannacord? That's the big question with this deal - who will we use as our investment banker, and at what level will round 1 be? Actually, it's very bullish that CC appears to be the one, but they will have to grease themselves with cheap stock before the party will continue. Look to thier London office to get involved as this office seems to be the conduit for hot international o&g deals. Hopefully management can stare down these boys and not blink. make em pay a little more for their first blocks. JMHO JANDD

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